Barclays Has Lowered Expectations for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU) had its price objective decreased by investment analysts at Barclays from $276.00 to $270.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the apparel retailer’s stock. Barclays‘s target price suggests a potential upside of 4.45% from the stock’s previous close.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Lululemon Athletica from $389.00 to $303.00 and set an “overweight” rating for the company in a research note on Friday, June 6th. TD Securities boosted their target price on Lululemon Athletica from $370.00 to $373.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Jefferies Financial Group lowered their price target on shares of Lululemon Athletica from $220.00 to $200.00 and set an “underperform” rating on the stock in a research report on Friday, June 6th. Citigroup cut their target price on shares of Lululemon Athletica from $325.00 to $270.00 and set a “neutral” rating for the company in a research note on Friday, June 6th. Finally, UBS Group lowered their price objective on Lululemon Athletica from $330.00 to $290.00 and set a “neutral” rating for the company in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.26.

Lululemon Athletica Trading Down 0.2%

Shares of LULU stock opened at $258.50 on Monday. The company has a market capitalization of $31.18 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.26. The business’s 50 day moving average is $285.51 and its two-hundred day moving average is $337.29. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting the consensus estimate of $2.60. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the company earned $2.54 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts predict that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in Lululemon Athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock worth $1,854,160,000 after purchasing an additional 2,371,079 shares during the last quarter. Mawer Investment Management Ltd. bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at about $523,520,000. Diamond Hill Capital Management Inc. bought a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $370,062,000. Alliancebernstein L.P. increased its position in Lululemon Athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after buying an additional 571,657 shares during the period. Finally, GAMMA Investing LLC lifted its position in Lululemon Athletica by 37,062.1% in the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer’s stock valued at $159,364,000 after purchasing an additional 561,491 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.